🎉Blockchain news is here! Morgan Stanley strategist Mike Wilson recently said that traders should be prepared for a correction in U.S. stocks due to increased uncertainty in the U.S. election, corporate earnings and Federal Reserve policies. He predicted that U.S. stocks are likely to pull back 10% during the election. 📉
Wilson also pointed out that the third quarter will be turbulent, companies are losing pricing power and may need to cut interest rates. And Goldman Sachs' Scott Rubner expects that if corporate earnings fall short of expectations, the stock market may experience a painful two weeks starting in August. 😰
However, Wilson is not particularly worried about the correction, and he believes it may create opportunities for investors. He suggested that the best way to invest in the stock market at present is through individual stocks, not indexes. 👍
Although this article focuses on the stock market, it also has a certain reference value for us Bitcoin optimists. After all, the movements in global financial markets always affect each other, don't they? 💡